Endowments: It’s wrong to assume they pay planned value at maturity isn’t it ?
I’ve tried companies who tell me there is no basis for compensation and the sellers won’t play ball. What options do I have ?
Companies are Alba Life (formerly LAS) and Abbey Life started 1986 & 1995 repsectively – I’ve now sold the Abbey out of frustration as relevant company and 3rd parties say i have no basis for a claim !
Endowment policies are no longer worth the paper they’re written on these days in the current economic climate. Any financial advisor worth his salt will steer you well clear of them.
When you take out a policy, there is NO guarantee that you will make the policy value, and there is no compensation if it fails to make target. You’ll probably find this in the small print somewhere.
Sorry, but you have no claim for compensation.
Confused about endowment??
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